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Intel Daily Technical Analysis | 19 September 2017

2017-09-19 12:01 pm | Resource: Technical Analysis Section | No Views : 307

Intel shares broke the falling trend line last Thursday as bulls scrambled on the US stock. The three moving averages are supporting levels and are positively cross-supported to support bulls.

Intel Daily Technical Analysis | 19 September 2017

Intel broke the neckline of a classic head and shoulders pattern positive over the weekend and so far has not tested a neckline and is approaching the $ 37.35 resistance level.
Momentum The rate of change is approaching the levels of saturation to indicate the buyers' control of the stock so far the arrow did not confirm the penetration or failure of penetration.
It is expected that if Intel shares the neckline test it will be a good buy opportunity provided that the price behavior at these levels will be the target at 39.85 if the break, 36.22 it might target the level of 35.07.
Support: 36.35 - 35.09 - 34.39
Resistance: 37.35- 37.58 - 38.78
Trend: Up


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